Skip to main content

About your Search

English 10
Search Results 0 to 9 of about 10 (some duplicates have been removed)
Dec 5, 2012 11:30am PST
the controller's office. we have [speaker not understood]. >> thank you, members of the committee. neil levinson, [speaker not understood] from the controller's office. i'll be very brief and happy to answer questions. this resolution before you is required by the california constitution and government code. each year the city needs to confirm its appropriations limit under the gan provisions. in this calculation we have done, it reflects through calculations allowed by the state code that we have a 3.77% local income growth and an 0.4% -- 0.47% population growth and this allows for combined growth in the gam limit from the amount that you established last year of 2.53 billion to a new level of 2.63 billion for fiscal year 12-13. under the allowable calculations, we have shown that the budget for appropriations that are covered by this is at currently 2.47 billion, so this reflects a level still 168 million below the gam limit. if the city were to collect so much revenue that it was above the gam limit, the law would require us to either change the rates to return or some other way return that e
Search Results 0 to 9 of about 10 (some duplicates have been removed)